Supra Expands Oracle Price Feeds to Real World Assets, Bringing FX and TradFi Data to The Blockchain Industry
ZUG, Switzerland, June 20th, 2024, Chainwire
Supra, a fully vertically integrated Layer-1 blockchain equipped with Multi-VM support, in-protocol oracles, onchain randomness, bridges, and automation, is expanding their oracle protocol’s price feeds catalog to cover real world assets (RWAs) including FX currencies, equities, commodities and more. With the launch of RWA price feeds, Supra continues to play an instrumental role in blockchain’s transformation of financial markets.
RWA Integration with DORA
RWA asset support is being introduced via the highly anticipated Distributed Oracle Agreement (DORA) version 2.0 release, bringing accurate and reliable real-time price data of numerous traditional assets to more than 80 blockchain networks with 600-900ms measured full finality for the first time. In doing so, Supra is paving the way for a new generation of diverse decentralized applications that will enhance ownership, boost liquidity and increase access to traditional assets.
DORA 2.0 is the latest version of Supra’s industry-leading oracle, and the introduction of RWA price feeds paves the way for new use cases enabled by FX, commodity, and equities data across new and old blockchains, while addressing challenges around Byzantine faults and data integrity for smart contracts in Web3 environments.
DORA Capabilities
Optimized for onchain and off-chain use-cases such as spot and perpetual DEXes, lending protocols, and payments protocols, DORA plays a key role in bringing deterministic real world data to Layer 1 and Layer 2 blockchains.
Supra is powered by their innovative Moonshot consensus mechanism, which brings blazing-fast performance and robust security guarantees to its data feeds. In its advanced global testing phase, Supra demonstrated Moonshot’s ability to process 530k transactions per second in throughput, with 500 milliseconds optimistic finality and ~1.5–2 seconds full block finality, placing it head and shoulders above most other consensus mechanisms.
Real World Assets (RWAs) on Blockchain
RWAs have long been hailed as one of the most promising applications of blockchain. By tokenizing traditional financial assets such as fiat currency, stocks, derivatives, securities, commodities and bonds, RWA projects are bringing all the advantages and innovations in decentralization, security, interoperability, and censorship-resistance to transform these underlying markets.
For instance, RWA tokens can be bought and sold without intermediaries, settle almost instantaneously on public blockchains, and interact with existing categories of DeFi apps like lending protocols, all with increased transparency due to the immutability and verifiability of blockchain rails. RWAs also enable fractional ownership of assets such as real estate or fine art. In this way, RWA projects can increase liquidity in traditionally illiquid markets while making a new class of assets accessible to retail investors.
Plume x Supra combing RWA and Price Oracle
With Supra’s RWA oracle price feeds, dApps built on more than 80 blockchain networks will be able to access real-time RWA prices, enabling novel use cases such as synthetic assets, derivatives and next-generation financial instruments that track the performance of traditional markets.
“Real World Assets are set to revolutionize the DeFi landscape, and we’re excited to expand our price feeds catalog to FX currencies, equities, and commodities to fast-track the growth of RWAs with unparalleled access and accuracy in real-time data across 80+ chains,” said Supra Co-Founder and CEO Joshua Tobkin. “Together with Plume and Silver Koi, we are committed to bringing cutting-edge solutions that enhance the potential of RWAs in Web3. With this collaboration, we’re not just fuelling the explosion of RWAs in DeFi; we’re also ensuring that our ecosystem is well equipped to harness the immense value they bring,” Tobkin continued.
“Supra was the first ever oracle deployed on Plume, and since then we’ve been working closely with the team to integrate novel price feeds from real world financial markets directly with projects in the Plume ecosystem like Silver Koi,” added Eugene Shen, Co-Founder and CTO at Plume Network. “We’re building the first Layer-2 blockchain optimized for real world assets here at Plume, and Supra’s RWA oracles are an integral part of our offering. We’ve been consistently impressed by the technical depth and speed of innovation that Supra brings to the RWA space.”
“Supra Oracles play a crucial role toward this vision. Supra Oracles brings high-quality and low-latency data feeds for real world assets onchain! Their bleeding-edge technologies allows Silver Koi to integrate real world data and provide a CEX-like perpetuals trading experience.
Supra has worked to integrate RWA price feeds into its data oracle as a direct response to the high demand from users ranging from network layers and DEXs, to dApp developers and investors,” added Claire Chen, Silver Koi’s Co-Founder and CEO.
Advocates of both DeFi and TradFi are united in their optimism around RWAs, which are expected to make their way into every financial market in the future and power a new wave of innovation in both the investment and financial services industries.
About Supra
Supra is an all-new blockchain that vertically integrates oracles, bridges, automation and randomness into a powerful Layer-1 with Multi-VM compatibility. It’s designed to give developers all the tools they need to build on one chain, enabling a new breed of Super dApps.
Supra is also a leading provider of oracle price feeds and verifiable randomness across 80+ blockchains with Layer-1 security guarantees. Supra focuses on solving real problems for dApp developers and scaling Web3, supported by a developer toolkit with extensive guides and technical whitepapers.
About Silver Koi
Silver Koi is leading the evolution of institutional trading by bringing a seamless, CEX-like trading onchain. Responding to the growing demand for professional decentralized trading solutions, Silver Koi is building a specialized blockchain optimized for institutional order-book volume on RWA derivatives.
About Plume
Plume is the first modular Layer-2 blockchain dedicated to all real world assets (RWAs) that integrates asset tokenization and compliance providers directly into the chain. Their mission is to simplify the convoluted processes of RWA project deployment and offer investors a blockchain ecosystem to cross-pollinate and invest in various RWAs. In addition, Plume enables RWA composability through its thriving DeFi applications, partnerships with cutting-edge tech providers like Supra, and access to high-quality buyers to increase liquidity for all tokenized RWAs.
